CNBC’s Jim Cramer Welcomes Elon Musk Twitter Takeover, Trashes Current Management as Out of Touch: ‘Not One of Them Tweets’
CNBC’s Jim Cramer expressed on Monday a welcome for Tesla CEO Elon Musk to take over all of Twitter and said it would be “better than current management.”
“I’d like to know Musk’s plan over the weekend, but I bet you it’s better than current management,” said Cramer.
“He’s all for free speech one big question is does he let the tweeter and chief, Donald Trump back on Twitter, people want to know, and he wants to get rid of all the bots,” interjected anchor Sara Eisen. “I mean, those are kind of two big ideas.”
Musk has not said whether he would welcome the former president onto the platform, which he was kicked off of following the Jan. 6 attack at the U.S. Capitol.
Cramer slammed Twitter’s current management:
I think the current CEO (Parag Agrawal) got a bad hand. Got the job in November. Hasn’t been able to articulate a position. But I would say that the people who use Twitter regard themselves as owners of twitter, and the board uniquely seems to be a board that would be better for a tool and dye company.
None of them, not one of them tweets so they didn’t know the experience. I mean, Musk is very personal, and doesn’t answer people, but these are people, if you look at this board, it’s a really really good board. But I don’t think they would know the difference between a heart and a block.
“I think Twitter, if you read [Musk’s] feed, he’s like the way it was supposed to be. Hey, it’s fun, it’s engaging, maybe he’ll ask you, maybe he won’t,” added Cramer. “My Twitter feed on the other hand remind message very much as if I were, let’s just say, in some sort of concentration camp, which I don’t have any desire to be in.”
Cramer’s remarks come as Twitter is reportedly open to accepting Musk’s offer to take over the entire company.
Watch above, via CNBC.